CONWAY, Ark., July 16, 2025 (GLOBE NEWSWIRE) -- Home BancShares, Inc. (NYSE:HOMB) ("Home" or the "Company"), parent company of Centennial Bank, released quarterly earnings today.

Quarterly Highlights
Metric	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024
Net income	$118.4 million	$115.2 million	$100.6 million	$100.0 million	$101.5 million
Net income, as adjusted (non-GAAP)⁽¹⁾	$114.6 million	$111.9 million	$99.8 million	$99.0 million	$103.9 million
Total revenue (net)	$271.0 million	$260.1 million	$258.4 million	$258.0 million	$254.6 million
Income before income taxes	$152.0 million	$147.2 million	$129.5 million	$129.1 million	$133.4 million
Pre-tax, pre-provision, net income (PPNR) (non-GAAP)⁽¹⁾	$155.0 million	$147.2 million	$146.2 million	$148.0 million	$141.4 million
PPNR, as adjusted (non-GAAP)⁽¹⁾	$150.4 million	$142.8 million	$145.2 million	$146.6 million	$141.9 million
Pre-tax net income to total revenue (net)	56.08%	56.58%	50.11%	50.03%	52.40%
Pre-tax net income, as adjusted, to total revenue (net) (non-GAAP)⁽¹⁾	54.39%	54.91%	49.74%	49.49%	52.59%
P5_NR (Pre-tax, pre-provision, profit percentage) (PPNR to total revenue (net)) (non-GAAP)⁽¹⁾	57.19%	56.58%	56.57%	57.35%	55.54%
P5_NR, as adjusted (non-GAAP)⁽¹⁾	55.49%	54.91%	56.20%	56.81%	55.73%
ROA	2.08%	2.07%	1.77%	1.74%	1.79%
ROA, as adjusted (non-GAAP)⁽¹⁾	2.02%	2.01%	1.76%	1.72%	1.83%
NIM	4.44%	4.44%	4.39%	4.28%	4.27%
Purchase accounting accretion	$1.2 million	$1.4 million	$1.6 million	$1.9 million	$1.9 million
ROE	11.77%	11.75%	10.13%	10.23%	10.73%
ROE, as adjusted (non-GAAP)⁽¹⁾	11.39%	11.41%	10.05%	10.12%	10.98%
ROTCE (non-GAAP)⁽¹⁾	18.26%	18.39%	15.94%	16.26%	17.29%
ROTCE, as adjusted (non-GAAP)⁽¹⁾	17.68%	17.87%	15.82%	16.09%	17.69%
Diluted earnings per share	$0.60	$0.58	$0.51	$0.50	$0.51
Diluted earnings per share, as adjusted (non-GAAP)⁽¹⁾	$0.58	$0.56	$0.50	$0.50	$0.52
Non-performing assets to total assets	0.60%	0.56%	0.63%	0.63%	0.56%
Common equity tier 1 capital	15.6%	15.4%	15.1%	14.7%	14.4%
Leverage	13.4%	13.3%	13.0%	12.5%	12.3%
Tier 1 capital	15.6%	15.4%	15.1%	14.7%	14.4%
Total risk-based capital	19.3%	19.1%	18.7%	18.3%	18.0%
Allowance for credit losses to total loans	1.86%	1.87%	1.87%	2.11%	2.00%
Book value per share	$20.71	$20.40	$19.92	$19.91	$19.30
Tangible book value per share (non-GAAP)⁽¹⁾	$13.44	$13.15	$12.68	$12.67	$12.08
Dividends per share	$0.20	$0.195	$0.195	$0.195	$0.18
Shareholder buyback yield⁽²⁾	0.49%	0.53%	0.05%	0.56%	0.67%

⁽¹⁾ Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

⁽²⁾Calculation of this metric is included in the schedules accompanying this release.

"I am once again very pleased with our quarterly results. Diluted EPS of $0.60 and net income of $118.4 million are both records for HOMB. The ongoing, consistent performance from our bankers led to numerous other records being set in the second quarter, further highlighting that strength is no accident," said John Allison, Chairman & CEO of HOMB.

Stock Repurchases and Dividends

During the three-month period ended June 30, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.49%⁽¹⁾. In comparison, during the three-month period ended March 31, 2025, the Company repurchased 1.0 million shares of common stock, which equated to a shareholder buyback yield of 0.53%⁽¹⁾. The Company defines shareholder buyback yield as the percentage of the Company's market capitalization spent on share repurchases. It reflects how much the Company is returning to the shareholders by reducing the number of outstanding shares, and it is calculated by dividing the Company's total share repurchase cost for the period by the Company's total market capitalization at the beginning of the period.

In addition, during the quarter ended June 30, 2025, the Company paid a dividend of $0.20 per share. This cash dividend represented a $0.005 per share, or 2.6%, increase over the $0.195 cash dividend paid during the first quarter of 2025.

Operating Highlights

Net income for the three-month period ended June 30, 2025 was $118.4 million, or $0.60 diluted earnings per share, both of which were records for the Company. When adjusting for non-fundamental items, net income and diluted earnings per share on an as-adjusted basis (non-GAAP), were $114.6 million⁽²⁾ and $0.58 per share⁽²⁾, respectively, for the three months ended June 30, 2025.

Our net interest margin was 4.44% for both of the three-month periods ended June 30, 2025 and March 31, 2025. The yield on loans was 7.36% and 7.38% for the three months ended June 30, 2025 and March 31, 2025, respectively, as average loans increased from $14.89 billion to $15.06 billion. Additionally, the rate on interest bearing deposits decreased to 2.64% as of June 30, 2025, from 2.67% as of March 31, 2025, while average interest-bearing deposits increased from $13.20 billion to $13.43 billion.

During the second quarter of 2025, there was $516,000 of event interest income compared to $1.3 million of event interest income for the first quarter of 2025. Purchase accounting accretion on acquired loans was $1.2 million and $1.4 million for the three-month periods ended June 30, 2025 and March 31, 2025, respectively, and average purchase accounting loan discounts were $16.2 million and $17.5 million for the three-month periods ended June 30, 2025 and March 31, 2025, respectively.

Net interest income on a fully taxable equivalent basis was $222.5 million for the three-month period ended June 30, 2025, and $217.2 million for the three-month period ended March 31, 2025. This increase in net interest income for the three-month period ended June 30, 2025, was the result of a $6.6 million increase in interest income, partially offset by a $1.3 million increase in interest expense. The $6.6 million increase in interest income was primarily the result of a $5.3 million increase in loan income and a $2.3 million increase in income from deposits with other banks, partially offset by a $1.0 million decrease in investment income. The $1.3 million increase in interest expense was due to a $1.7 million increase in interest expense on deposits, partially offset by a $363,000 decrease in FHLB and other borrowed funds.

The Company reported $51.1 million of non-interest income for the second quarter of 2025. The most important components of non-interest income were $13.5 million from other income, $12.6 million from other service charges and fees, $9.6 million from service charges on deposit accounts, $5.2 million from trust fees, $4.8 million in mortgage lending income, $2.7 million from dividends from FHLB, FRB, FNBB and other, $1.4 million from the increase in cash value of life insurance and $972,000 from the gain on sale of branches, equipment and other assets, net. Included within other income was $3.5 million in special income from equity investments and $885,000 in legal fee reimbursements.

Non-interest expense for the second quarter of 2025 was $116.0 million. The most important components of non-interest expense were $64.3 million from salaries and employee benefits, $29.3 million in other operating expense, $14.0 million in occupancy and equipment expenses and $8.4 million in data processing expenses. Included within other expense was $3.3 million in legal claims expense, which was partially offset by a $1.5 million FDIC assessment reduction. For the second quarter of 2025, our efficiency ratio was 41.68%, and our efficiency ratio, as adjusted (non-GAAP), was 42.01%⁽²⁾_.

Financial Condition

Total loans receivable were $15.18 billion at June 30, 2025, compared to $14.95 billion at March 31, 2025. Total loans receivable of $15.18 billion were a record for the Company. Total deposits were $17.49 billion at June 30, 2025, compared to $17.54 billion at March 31, 2025. Total assets were $22.91 billion at June 30, 2025, compared to $22.99 billion at March 31, 2025.

During the second quarter of 2025, the Company had a $228.5 million increase in loans. Our community banking footprint experienced $106.8 million in organic loan growth during the quarter ended June 30, 2025, and Centennial CFG experienced $121.7 million of organic loan growth and had loans of $1.83 billion at June 30, 2025.

Non-performing loans to total loans were 0.63% and 0.60% at June 30, 2025 and March 31, 2025, respectively. Non-performing assets to total assets were 0.60% and 0.56% at June 30, 2025 and March 31, 2025, respectively. Net loans charged-off were $1.1 million for the three months ended June 30, 2025, and net loans recovered were $4.1 million for the three months ended March 31, 2025. The charge-off detail by region for the quarters ended June 30, 2025 and March 31, 2025 can be seen below.

For the Three Months Ended June 30, 2025
(in thousands)	Texas			Arkansas			Centennial CFG		Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	2,588		$	462		$	181	$	582		$	245		$	13		$	4,071
Recoveries		(2,172	)		(223	)		—		(22	)		(577	)		(2	)		(2,996	)
Net charge-offs (recoveries)	$	416		$	239		$	181	$	560		$	(332	)	$	11		$	1,075

For the Three Months Ended March 31, 2025
(in thousands)	Texas			Arkansas			Centennial CFG			Shore Premier Finance			Florida			Alabama			Total
Charge-offs	$	444		$	474		$	—		$	53		$	2,479		$	8		$	3,458
Recoveries		(6,514	)		(228	)		(658	)		(3	)		(117	)		(2	)		(7,522	)
Net (recoveries) charge-offs	$	(6,070	)	$	246		$	(658	)	$	50		$	2,362		$	6		$	(4,064	)

At June 30, 2025, non-performing loans were $96.3 million, and non-performing assets were $137.8 million. At March 31, 2025, non-performing loans were $89.6 million, and non-performing assets were $129.4 million.

The table below shows the non-performing loans and non-performing assets by region as June 30, 2025:

(in thousands)	Texas	Arkansas	Centennial CFG	Shore Premier Finance	Florida	Alabama	Total
Non-accrual loans	22,487	16,276	787	11,716	37,833	162	89,261
Loans 90+ days past due	3,557	2,341	—	—	1,133	—	7,031
Total non-performing loans	26,044	18,617	787	11,716	38,966	162	96,292

Foreclosed assets held for sale	17,259	863	22,842	—	565	—	41,529
Other non-performing assets	—	—	—	—	—	—	—
Total other non-performing assets	17,259	863	22,842	—	565	—	41,529
Total non-performing assets	43,303	19,480	23,629	11,716	39,531	162	137,821

The table below shows the non-performing loans and non-performing assets by region as March 31, 2025:

(in thousands)	Texas	Arkansas	Centennial CFG	Shore Premier Finance	Florida	Alabama	Total
Non-accrual loans	23,694	15,214	2,766	5,444	39,108	157	86,383
Loans 90+ days past due	3,264	—	—	—	—	—	3,264
Total non-performing loans	26,958	15,214	2,766	5,444	39,108	157	89,647

Foreclosed assets held for sale	15,357	1,052	22,820	—	451	—	39,680
Other non-performing assets	63	—	—	—	—	—	63
Total other non-performing assets	15,420	1,052	22,820	—	451	—	39,743
Total non-performing assets	42,378	16,266	25,586	5,444	39,559	157	129,390

The Company's allowance for credit losses on loans was $281.9 million at June 30, 2025, or 1.86% of total loans, compared to the allowance for credit losses on loans of $279.9 million, or 1.87% of total loans, at March 31, 2025. As of June 30, 2025 and March 31, 2025, the Company's allowance for credit losses on loans was 292.72% and 312.27% of its total non-performing loans, respectively.

Stockholders' equity was $4.09 billion at June 30, 2025, which increased approximately $42.8 million from March 31, 2025. The net increase in stockholders' equity is primarily associated with the $78.9 million increase in retained earnings, which was partially offset by the $11.4 million increase in accumulated other comprehensive loss and the $27.5 million in stock repurchases for the quarter. Book value per common share was $20.71 at June 30, 2025, compared to $20.40 at March 31, 2025. Tangible book value per common share (non-GAAP) was $13.44⁽²⁾ at June 30, 2025, compared to $13.15⁽²⁾ at March 31, 2025. Book value per common share and tangible book value per common share, as of June 30, 2025, were both records for the Company.

Branches

The Company currently has 75 branches in Arkansas, 78 branches in Florida, 58 branches in Texas, 5 branches in Alabama and one branch in New York City.

Conference Call

Management will conduct a conference call to review this information at 1:00 p.m. CT (2:00 p.m. ET) on Thursday, July 17, 2025. We strongly encourage all participants to pre-register for the conference call webcast or the live call using one of the following links. First, participants can pre-register for the conference call webcast using the following link: https://events.q4inc.com/attendee/133918928. Participants who pre-register will be given a unique webcast link to gain immediate access to the conference call webcast. Second, participants can pre-register for the live call using the following link: https://www.netroadshow.com/events/login?show=862a0326&confId=84106. Participants who pre-register will be given the phone number and unique access codes to gain immediate access to the live call. Participants may pre-register now, or at any time prior to the call, and will immediately receive simple instructions via email. The Home BancShares conference call will also be scheduled as an event in your Outlook calendar.

Those without internet access or unable to pre-register may dial in and listen to the live call by calling 1-833-470-1428, Passcode: 171523. A replay of the call will be available by calling 1-866-813-9403, Passcode: 539251, which will be available until July 24, 2025, at 11:59 p.m. CT. Internet access to the call will be available live or in recorded version on the Company's website at www.homebancshares.com.

About Home BancShares

Home BancShares, Inc. is a bank holding company headquartered in Conway, Arkansas. Its wholly-owned subsidiary, Centennial Bank, provides a broad range of commercial and retail banking plus related financial services to businesses, real estate developers, investors, individuals and municipalities. Centennial Bank has branch locations in Arkansas, Florida, Texas, South Alabama and New York City. The Company's common stock is traded through the New York Stock Exchange under the symbol "HOMB." The Company was founded in 1998. Visit www.homebancshares.com or www.my100bank.com for more information.

Non-GAAP Financial Measures

This press release contains financial information determined by methods other than in accordance with generally accepted accounting principles (GAAP). The Company's management uses these non-GAAP financial measures--including net income (earnings), as adjusted; pre-tax, pre-provision, net income (PPNR); PPNR, as adjusted; pre-tax net income, as adjusted, to total revenue (net); pre-tax, pre-provision, profit percentage; pre-tax, pre-provision, profit percentage, as adjusted; diluted earnings per common share, as adjusted; return on average assets, as adjusted; return on average assets excluding intangible amortization; return on average assets, as adjusted, excluding intangible amortization; return on average common equity, as adjusted; return on average tangible common equity; return on average tangible common equity, as adjusted; return on average tangible common equity excluding intangible amortization; return on average tangible common equity, as adjusted, excluding intangible amortization; efficiency ratio, as adjusted; tangible book value per common share and tangible common equity to tangible assets--to provide meaningful supplemental information regarding our performance. These measures typically adjust GAAP performance measures to include the tax benefit associated with revenue items that are tax-exempt, as well as adjust income available to common shareholders for certain significant items or transactions that management believes are not indicative of the Company's primary business operating results. Since the presentation of these GAAP performance measures and their impact differ between companies, management believes presentations of these non-GAAP financial measures provide useful supplemental information that is essential to a proper understanding of the operating results of the Company's business. These non-GAAP disclosures should not be viewed as a substitute for operating results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures that may be presented by other companies. Where non-GAAP financial measures are used, the comparable GAAP financial measure, as well as the reconciliation to the comparable GAAP financial measure, can be found in the tables of this release.

(1) Calculation of this metric is included in the schedules accompanying this release.

(2) Calculation of this metric and the reconciliation to GAAP are included in the schedules accompanying this release.

General

This release contains forward-looking statements regarding the Company's plans, expectations, goals and outlook for the future, including future financial results. Statements in this press release that are not historical facts should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future events, performance or results. When we use words or phrases like "may," "plan," "propose," "contemplate," "anticipate," "believe," "intend," "continue," "expect," "project," "predict," "estimate," "could," "should," "would" and similar expressions, you should consider them as identifying forward-looking statements, although we may use other phrasing. Forward-looking statements of this type speak only as of the date of this news release. By nature, forward-looking statements involve inherent risks and uncertainties. Various factors could cause actual results to differ materially from those contemplated by the forward-looking statements. These factors include, but are not limited to, the following: economic conditions, credit quality, interest rates, loan demand, real estate values and unemployment, including any future impacts from inflation or changes in tariffs or trade policies; the ability to identify, complete and successfully integrate new acquisitions; the risk that expected cost savings and other benefits from acquisitions may not be fully realized or may take longer to realize than expected; diversion of management time on acquisition-related issues; the availability of and access to capital and liquidity on terms acceptable to us; legislative and regulatory changes and risks and expenses associated with current and future legislation and regulations; technological changes and cybersecurity risks and incidents; the effects of changes in accounting policies and practices; changes in governmental monetary and fiscal policies; political instability, military conflicts and other major domestic or international events; the impacts of recent or future adverse weather events, including hurricanes, and other natural disasters; disruptions, uncertainties and related effects on credit quality, liquidity and other aspects of our business and operations that may result from any future public health crises; competition from other financial institutions; potential claims, expenses and other adverse effects related to current or future litigation, regulatory examinations or other government actions; potential increases in deposit insurance assessments, increased regulatory scrutiny or market disruptions resulting from financial challenges in the banking industry; changes in the assumptions used in making the forward-looking statements; and other factors described in reports we file with the Securities and Exchange Commission (the "SEC"), including those factors set forth in our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on February 27, 2025.

FOR MORE INFORMATION CONTACT:

Donna Townsell

Director of Investor Relations

Home BancShares, Inc.

(501) 328-4625

Home BancShares, Inc.
Consolidated End of Period Balance Sheets
(Unaudited)

(In thousands)	Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024			Jun. 30, 2024
ASSETS

Cash and due from banks	$	291,344		$	319,747		$	281,063		$	265,408		$	229,209
Interest-bearing deposits with other banks		809,729			975,983			629,284			752,269			829,507
Cash and cash equivalents		1,101,073			1,295,730			910,347			1,017,677			1,058,716
Federal funds sold		2,600			6,275			3,725			6,425			—
Investment securities - available-for-sale, net of allowance for credit losses		2,899,968			3,003,320			3,072,639			3,270,620			3,344,539
Investment securities - held-to-maturity, net of allowance for credit losses		1,265,292			1,269,896			1,275,204			1,277,090			1,278,853
Total investment securities		4,165,260			4,273,216			4,347,843			4,547,710			4,623,392
Loans receivable		15,180,624			14,952,116			14,764,500			14,823,979			14,781,457
Allowance for credit losses		(281,869	)		(279,944	)		(275,880	)		(312,574	)		(295,856	)
Loans receivable, net		14,898,755			14,672,172			14,488,620			14,511,405			14,485,601
Bank premises and equipment, net		379,729			384,843			386,322			388,776			383,691
Foreclosed assets held for sale		41,529			39,680			43,407			43,040			41,347
Cash value of life insurance		218,113			221,621			219,786			219,353			218,198
Accrued interest receivable		107,732			115,983			120,129			118,871			120,984
Deferred tax asset, net		174,323			170,120			186,697			176,629			195,041
Goodwill		1,398,253			1,398,253			1,398,253			1,398,253			1,398,253
Core deposit intangible		36,255			38,280			40,327			42,395			44,490
Other assets		383,400			376,030			345,292			352,583			350,192
Total assets	$	22,907,022		$	22,992,203		$	22,490,748		$	22,823,117		$	22,919,905

LIABILITIES AND STOCKHOLDERS' EQUITY
Liabilities
Deposits:
Demand and non-interest-bearing	$	4,024,574		$	4,079,289		$	4,006,115		$	3,937,168		$	4,068,302
Savings and interest-bearing transaction accounts		11,571,949			11,586,106			11,347,850			10,966,426			11,150,516
Time deposits		1,891,909			1,876,096			1,792,332			1,802,116			1,736,985
Total deposits		17,488,432			17,541,491			17,146,297			16,705,710			16,955,803
Securities sold under agreements to repurchase		140,813			161,401			162,350			179,416			137,996
FHLB and other borrowed funds		550,500			600,500			600,750			1,300,750			1,301,050
Accrued interest payable and other liabilities		203,004			207,154			181,080			238,058			230,011
Subordinated debentures		438,957			439,102			439,246			439,394			439,542
Total liabilities		18,821,706			18,949,648			18,529,723			18,863,328			19,064,402

Stockholders' equity
Common stock		1,972			1,982			1,989			1,989			1,997
Capital surplus		2,221,576			2,246,312			2,272,794			2,272,100			2,295,893
Retained earnings		2,097,712			2,018,801			1,942,350			1,880,562			1,819,412
Accumulated other comprehensive loss		(235,944	)		(224,540	)		(256,108	)		(194,862	)		(261,799	)
Total stockholders' equity		4,085,316			4,042,555			3,961,025			3,959,789			3,855,503
Total liabilities and stockholders' equity	$	22,907,022		$	22,992,203		$	22,490,748		$	22,823,117		$	22,919,905

Home BancShares, Inc.
Consolidated Statements of Income
(Unaudited)

	Quarter Ended															Six Months Ended
(In thousands)	Jun. 30, 2025			Mar. 31, 2025			Dec. 31, 2024			Sep. 30, 2024			Jun. 30, 2024			Jun. 30, 2025			Jun. 30, 2024
Interest income:
Loans	$	276,041		$	270,784		$	278,409		$	281,977		$	274,324		$	546,825		$	539,618
Investment securities
Taxable		26,444			27,433			28,943			31,006			32,587			53,877			65,816
Tax-exempt		7,626			7,650			7,704			7,704			7,769			15,276			15,572
Deposits - other banks		8,951			6,620			7,585			12,096			12,564			15,571			23,092
Federal funds sold		53			55			73			62			59			108			120
Total interest income		319,115			312,542			322,714			332,845			327,303			631,657			644,218
Interest expense:
Interest on deposits		88,489			86,786			90,564			97,785			95,741			175,275			188,289
Federal funds purchased		—			—			—			1			—			—			—
FHLB and other borrowed funds		5,539			5,902			9,541			14,383			14,255			11,441			28,531
Securities sold under agreements to repurchase		1,012			1,074			1,346			1,335			1,363			2,086			2,767
Subordinated debentures		4,123			4,124			4,121			4,121			4,122			8,247			8,219
Total interest expense		99,163			97,886			105,572			117,625			115,481			197,049			227,806
Net interest income		219,952			214,656			217,142			215,220			211,822			434,608			416,412
Provision for credit losses on loans		3,000			—			16,700			18,200			8,000			3,000			13,500
Provision for (recovery of) credit losses on unfunded commitments		—			—			—			1,000			—			—			(1,000	)
Recovery of credit losses on investment securities		—			—			—			(330	)		—			—			—
Total credit loss expense		3,000			—			16,700			18,870			8,000			3,000			12,500
Net interest income after credit loss expense		216,952			214,656			200,442			196,350			203,822			431,608			403,912
Non-interest income:
Service charges on deposit accounts		9,552			9,650			9,935			9,888			9,714			19,202			19,400
Other service charges and fees		12,643			10,689			11,651			10,490			10,679			23,332			20,868
Trust fees		5,234			4,760			4,526			4,403			4,722			9,994			9,788
Mortgage lending income		4,780			3,599			3,518			4,437			4,276			8,379			7,834
Insurance commissions		589			535			483			595			565			1,124			1,073
Increase in cash value of life insurance		1,415			1,842			1,215			1,161			1,279			3,257			2,474
Dividends from FHLB, FRB, FNBB & other		2,657			2,718			2,820			2,637			2,998			5,375			6,005
Gain on SBA loans		—			288			218			145			56			288			254
Gain (loss) on branches, equipment and other assets, net		972			(163	)		26			32			2,052			809			2,044
Gain (loss) on OREO, net		13			(376	)		(2,423	)		85			49			(363	)		66
Fair value adjustment for marketable securities		(238	)		442			850			1,392			(274	)		204			729
Other income		13,462			11,442			8,403			7,514			6,658			24,904			14,038
Total non-interest income		51,079			45,426			41,222			42,779			42,774			96,505			84,573
Non-interest expense:
Salaries and employee benefits		64,318			61,855			60,824			58,861			60,427			126,173			121,337
Occupancy and equipment		14,023			14,425			14,526			14,546			14,408			28,448			28,959
Data processing expense		8,364			8,558			9,324			9,088			8,935			16,922			18,082
Other operating expenses		29,335			28,090			27,536			27,550			29,415			57,425			56,303
Total non-interest expense		116,040			112,928			112,210			110,045			113,185			228,968			224,681
Income before income taxes		151,991			147,154			129,454			129,084			133,411			299,145			263,804
Income tax expense		33,588			31,945			28,890			29,046			31,881			65,533			62,165
Net income	$	118,403		$	115,209		$	100,564		$	100,038		$	101,530		$	233,612		$	201,639

Home BancShares, Inc.
Selected Financial Information
(Unaudited)

	Quarter Ended										Six Months Ended
(Dollars and shares in thousands, except per share data)	Jun. 30, 2025		Mar. 31, 2025		Dec. 31, 2024		Sep. 30, 2024		Jun. 30, 2024		Jun. 30, 2025		Jun. 30, 2024
PER SHARE DATA
Diluted earnings per common share	$	0.60	$	0.58	$	0.51	$	0.50	$	0.51	$	1.18	$	1.00
Diluted earnings per common share, as adjusted (non-GAAP)⁽¹⁾		0.58		0.56		0.50		0.50		0.52		1.14		1.01
Basic earnings per common share		0.60

Consistency, Strength & Earnings Power Remain the Story at HOMB